| Description |
1 online resource (xvii, 271 pages) : illustrations, facsimiles |
| Bibliography |
Includes bibliographical references and index. |
| Contents |
Front Cover; TECH STOCK VALUATION; Copyright Page; CONTENTS; ACKNOWLEDGMENTS; PREFACE; Chapter 1. The Tech Bubble; Chapter 2. What Caused the Tech Bubble?; Chapter 3. Investment Advice on the Internet; Chapter 4. A Dissertation on Tulips and America Online; Chapter 5. The Crash of 2000-2002 and Imminent Rebound; Chapter 6. Stock-Price Effects of Research and Development Expenditures; Chapter .7 Valuation Effects of Patent Quality; Chapter 8. Goodwill Write-Off Decisions: Do They Matter?; Chapter 9. Shark Repellents and Research and Development: Does Management Have a Long-Run Perspective? |
| Summary |
The contribution of research and development to a company's market value has grown considerably in recent years. In the mid-1970s, accountants were able to capture on their ledgers 90-95% of a firm's book value, but by 2000 the importance of intangible assets had grown to the point where they could account for only 13-15%. Financial economists and accountants have investigated the link between a firm's market value and its R & D spending, and various factions advocate a variety of positions on the amount and rate of investment, investors' ability to capture returns on that investment, and ways. |
| Subject |
Investments -- Psychological aspects.
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Corporations -- Valuation.
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High technology industries -- Valuation.
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Investissements -- Aspect psychologique. |
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Sociétés -- Évaluation. |
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Industries de pointe -- Évaluation. |
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Corporations -- Valuation |
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High technology industries -- Valuation |
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Investments -- Psychological aspects |
| Added Title |
Investor psychology and economic analysis |
| Other Form: |
Print version: Hirschey, Mark. Tech stock valuation. Amsterdam ; Boston : Academic Press, ©2003 0123497043 (DLC) 2003105616 (OCoLC)52700908 |
| ISBN |
9780080492339 (electronic bk.) |
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0080492339 (electronic bk.) |
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0123497043 |
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9780123497048 |
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